65,390 Shares in Iron Mountain Incorporated $IRM Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 65,390 shares of the financial services provider’s stock, valued at approximately $8,259,000.

Other hedge funds have also bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in Iron Mountain during the fourth quarter worth $25,000. Bell Investment Advisors Inc acquired a new stake in Iron Mountain in the 2nd quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in Iron Mountain during the 2nd quarter worth approximately $27,000. Beaird Harris Wealth Management LLC boosted its stake in shares of Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 350 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Iron Mountain during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on IRM shares. Wall Street Zen downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. upped their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.17.

Iron Mountain Stock Performance

NYSE:IRM opened at $123.09 on Friday. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68. The stock has a market cap of $36.64 billion, a PE ratio of 87.92 and a beta of 1.20. The stock has a 50 day moving average price of $124.62 and a 200 day moving average price of $117.04.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s payout ratio is currently 247.14%.

Insider Activity

In related news, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $122.70, for a total transaction of $736,200.00. Following the transaction, the executive vice president directly owned 101,507 shares in the company, valued at $12,454,908.90. This trade represents a 5.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 127,422 shares of company stock worth $15,810,652. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.